Sell GBPUSD from 1.23435. | 01 October 2019
01 October 2019, GBP/USD
Technical Observation
This day, IO expect GBPUSD to either remain within a range, not going above 76.4 % fib level, 1.23435, or below the daily low, 1.22701. OR, the price could breakout below 1.22701, if the latter is the case, then I expect a plunge towards 1.20121 and could head even lower. On the upperside, should price fail to remain below 1.23435, then this will mean the price is continuing to the upperside towards 61.8% fib level, 1.23890. On this chart, I recommend waiting for a sell from 1.23435.
Trade Recommendations:
Sell GBPUSD from 1.23435.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
